Originally Posted by obobskivich
So the take-away is: Obob, yet again, does not "get" nut-buster Veblen goods.
Also what the crap is "IAMAUTO" - tell me this is a joke, like Mugatu and Zoolander, and not something that someone, somewhere, actually believes should exist...
That's Will.I.Am's car company... in Oakland (not kidding). LOL! He's actually quite serious about it.
I get the supercar/hypercar thing, rich guys and gals need something to spend their money on. I'm not anywhere near the point where I'd say, "gee, I can't think of anything else to buy", and will likely never be (thank God), but there are folks like that out there. $200k watches, $80M jets, $150M yachts, etc.. The really weird part is, they can't just sit on it, they have to spend it (or it's strongly recommended by their accountants). If they don't, it's simply bad money management. "You have X amount of equity to cash out to cover your deductions", etc.. It's like tax-free spending, and who doesn't enjoy that? Remember last year when my money guy told me I should really cash-out 1.5M or I'd miss out on getting it tax free? Same thing, only on a much larger scale. Well, when that happens, you can buy 100 $20,000 cars, or one $2M car.
The fit, finish, and even smell of those types of goods is different. They really have the "quality of excess" distilled down to a pure formula.
Oh, Ferrari's new F70. I could do without the "bubble head" roof.Edited by Magick Man - 2/7/13 at 12:02am